Call for Papers:Vol.11 Issue.3

Submission
Last date		 28-Jun-2025
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-11,Issue-3. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  Challenges and oppurtunities of value based healthcare in medical device industry
PaperId: :  22676
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 10 Issue 1 2024
DUI:    16.0415/IJARIIE-22676
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Madhu KiranNIPER,Hyderabad
Muskan GoelNIPER,Hyderabad

Abstract

Medical devices
Medical devices,challenges,oppurtunities,health care technology,regulatory compliance,innovation,value based healthcare,global market
The medical device industry stands at the nexus of technological innovation, healthcare advancements, regulatory landscapes, and market dynamics. This review article systematically explores the multifaceted challenges and burgeoning opportunities shaping this pivotal sector. The ever-evolving landscape of technological innovations continues to revolutionize medical devices, propelling the industry forward. However, the exponential growth of sophisticated technologies introduces challenges in regulatory compliance, cybersecurity, interoperability, and ethical considerations. Balancing innovation with stringent regulatory frameworks and ensuring patient safety remains a paramount challenge. Moreover, the globalization of markets presents both opportunities and challenges. Increased market access offers potential growth, but it also intensifies competition, necessitating adaptation to diverse regulatory environments and varying healthcare infrastructures across regions. This review delves into the intricacies of challenges associated with intellectual property rights, cost containment, and reimbursement models, which significantly impact market penetration and profitability. Additionally, the escalating demand for personalized and connected healthcare further complicates the landscape, demanding adaptive strategies and novel business models. Notwithstanding these challenges, the medical device industry is ripe with opportunities. Emerging markets, technological convergence (such as AI, IoT, and 3D printing), and the paradigm shift toward value-based care offer avenues for growth and market expansion. Collaborations between industry players, healthcare providers, and regulatory bodies pave the way for innovation and addressing unmet clinical needs. This article synthesizes current literature, industry reports, and regulatory insights to comprehensively understand the complexities, hurdles, and potential pathways for growth in the medical device industry. It highlights the imperative for strategic foresight, adaptability, and innovation in navigating the intricate landscape, thereby fostering sustainable growth and improved patient outcomes.

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE Madhu Kiran, and Muskan Goel. "Challenges and oppurtunities of value based healthcare in medical device industry" International Journal Of Advance Research And Innovative Ideas In Education Volume 10 Issue 1 2024 Page 1777-1787
MLA Madhu Kiran, and Muskan Goel. "Challenges and oppurtunities of value based healthcare in medical device industry." International Journal Of Advance Research And Innovative Ideas In Education 10.1(2024) : 1777-1787.
APA Madhu Kiran, & Muskan Goel. (2024). Challenges and oppurtunities of value based healthcare in medical device industry. International Journal Of Advance Research And Innovative Ideas In Education, 10(1), 1777-1787.
Chicago Madhu Kiran, and Muskan Goel. "Challenges and oppurtunities of value based healthcare in medical device industry." International Journal Of Advance Research And Innovative Ideas In Education 10, no. 1 (2024) : 1777-1787.
Oxford Madhu Kiran, and Muskan Goel. 'Challenges and oppurtunities of value based healthcare in medical device industry', International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 1, 2024, p. 1777-1787. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Challenges_and_oppurtunities_of_value_based_healthcare_in_medical_device_industry_ijariie22676.pdf (Accessed : ).
Harvard Madhu Kiran, and Muskan Goel. (2024) 'Challenges and oppurtunities of value based healthcare in medical device industry', International Journal Of Advance Research And Innovative Ideas In Education, 10(1), pp. 1777-1787IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Challenges_and_oppurtunities_of_value_based_healthcare_in_medical_device_industry_ijariie22676.pdf (Accessed : )
IEEE Madhu Kiran, and Muskan Goel, "Challenges and oppurtunities of value based healthcare in medical device industry," International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 1, pp. 1777-1787, Jan-Feb 2024. [Online]. Available: https://ijariie.com/AdminUploadPdf/Challenges_and_oppurtunities_of_value_based_healthcare_in_medical_device_industry_ijariie22676.pdf [Accessed : ].
Turabian Madhu Kiran, and Muskan Goel. "Challenges and oppurtunities of value based healthcare in medical device industry." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 10 number 1 ().
Vancouver Madhu Kiran, and Muskan Goel. Challenges and oppurtunities of value based healthcare in medical device industry. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2024 [Cited : ]; 10(1) : 1777-1787. Available from: https://ijariie.com/AdminUploadPdf/Challenges_and_oppurtunities_of_value_based_healthcare_in_medical_device_industry_ijariie22676.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads



Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
Herbal Extract-Based Aquasomal Formulations: A New Avenue in Antifungal TreatmentMaster of pharmacy (Quality Assurance)ROHINI SANJAY SONAR Download
Chronic Liver Disease: New Targets and MechanismsPharmacyEmmanuela John Sima Download
Non-Pharmacological Interventions for ADHD: A Review of Behavioral, Cognitive, and Social StrategiesPharmacy Jayeeta Goswami Download
Repurposing of Statin as an robusting approach to treat Microbial infectionPharmacyMamta Download
ATTENTION DEFICIT HYPERACTIVITY DISORDER (ADHD) IN PEDIATRICSPHARMACYQureshi Abdul Mabud Download
The Role of Biomarkers in the Diagnosis and Treatment of DiseasesMasters of Pharmacy Abhay Verma, Download
Development and Evaluation of Atenolol tablet by using Tamarind Kernel Powder as a Natural DisintegrantPharmacyKunal D. Nikam Download
CASE REPORT ON P3L3 WITH PROCIDENTIA WITH LUMBAR SPONDYLOSISPHARMACYKEERTHANA.MM Download
FUROSEMIDE INDUCED HYPOKALEMIAPHARMACYBHAGYASHREE T Download
CASE REPORT ON BRONCHOPNEUMONIAPHARMACYDR .Raksha B H Download
BAKUCHIOL: “THE PLANT-BASED POWERHOUSE FOR YOUTHFUL SKIN’’PharmacyPrakash .P .Muleva Download
The Study of Etiology, Manifestation, Diagnosis and Treatment of MONKEY-POXPHARMACYMELAM.YESURATNAM Download
Analytical method development and validation of Anagliptin by RP-HPLCpharmacy (Quality Assurance)Gaurav B. Kokane Download
Intraocular Lens Implantation: A Review of Current Trends, Challenges, and Future Directions.Clinical PharmacyG. Roshini Raj Download
A Review on Newly Invented Drug Rapiblyk: Used for treatment of Supraventricular TachycardiaPharmacyMr. Shubham B Mandhare Download
12